Social values and individual choices
AbstractThis paper sketches a theory of social choice based on a lexicographic ordering of multiple social values that can be pursued to greater or lesser degrees. Distinctions are made among the following concepts: (a) the vector-valued social decision, which results from individual choices regarding its components; (b) the social choice, which calls the compliance by the members of society with the social decision; and (c) social welfare judgements, which apply to situations where individual choices violate the social choice. A resolution of the Sen-Gibbard libertarian paradox follows from the theory.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Behavior & Organization.
Volume (Year): 4 (1983)
Issue (Month): 2-3 ()
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- Drakopoulos, S. A. & Theodossiou, I., 1997. "Job satisfaction and target earnings," Journal of Economic Psychology, Elsevier, vol. 18(6), pages 693-704, November.
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